Yellen’s speech in Jackson Hole may doom her chances for second term at Fed

[IsailedawayfromFR]

Her robust defense of regulation contrasts starkly with Trump’s stated view
Was Fed Chairwoman Janet Yellen’s Friday speech in Jackson Hole her swan song?

Some Fed watchers think that might turn out to be the case.

Yellen used her high-profile podium to give a robust defense of the regulations put in place under the Obama administration in the aftermath of the financial crisis. She disagreed with the position of President Donald Trump and Congressional Republicans that the regulatory burden is strangling lending and has hamstrung the economy.
“Yellen’s decision to defend core regulations will strengthen the hands of those within the administration who do not favor her reappointment and likely reduces her chances of gaining a second term as chair,” said Krishna Guha, a former senior Fed staffer and now vice-chairman of Evercore ISI.

The Fed chairwoman’s remarks at the annual Wyoming-set central bank conference may not deter the deregulatory zeal of the Trump administration, but does highlight the challenges of “moving deregulation through regulatory agencies staffed with people who have strong memories of the financial crisis,” Guha added.
http://www.marketwatch.com/story/yellens-speech-in-jackson-hole-may-doom-her-chances-for-second-term-at-fed-2017-08-25

She knew her gig would be up anyway, so as a true lib why not going out with guns ablazing?

[To-Whose-Benefit?]

Yellen is not the problem.

The fact that the Fed itself even exists is.